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Meralco is the largest private sector electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. Its franchise area of over 9,685 km2 is just 3% of the total land area of the Philippines, but accounts for 55% of the countrys electricity output.
Who is the real owner of Meralco?
The First Pacific Group, through Beacon Electric Asset Holdings Inc. and Metro Pacific Investment Corporation, currently holds 45.46% share in MERALCO, followed by the JG Summit Group with 29.56%, for a combined 75.02% control of MERALCO.
What is the meaning of Meralco?
Established as Manila Electric Railroad and Light Company to provide electric light and power and an electric street railway system to Manila and its suburbs.
Who is the biggest shareholder of Meralco?
Email Address: RankNameNumber of Shares 1 BEACON ELECTRIC ASSET HOLDINGS, INC. 394,059,235.00 2 JG SUMMIT HOLDINGS, INC. 333,189,397.00 3 PCD NOMINEE CORP (FILIPINO) 126,243,277.00 4 METRO PACIFIC INVESTMENTS CORPORATION 118,364,807.0017 more rows
What is the undertaking of Meralco?
What is Meralco Undertaking? Meralco Undertaking is a document required by the Manila Electric Company (Meralco) that serves as a financial guarantee for the payment of electricity consumption and other related obligations.
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